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Economy of Paraguay vs Yemen compared: GDP & Debt

Updated on by Georank team

Paraguay has a GDP of $44.5B compared to $21.6B for Yemen, ranking 98/197 and 125/197 by economy size, respectively.

Paraguay has $19.9B in government debt (44.8% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Paraguay vs Yemen GDP by year

Paraguay
Yemen
1x
Year GDP, current $
Paraguay Yemen
2024 $44,458,118,397 -
2023 $43,118,053,175 -
2022 $41,952,910,858 -
2021 $39,950,899,939 -
2020 $35,432,178,068 -
2019 $37,925,338,329 -
2018 $40,225,448,341 $21,606,160,663
2017 $38,997,129,474 $26,842,229,045
2016 $36,089,700,223 $31,317,825,274
2015 $36,211,447,840 $42,444,490,074
2014 $40,377,929,296 $43,228,585,321
2013 $38,501,122,141 $40,415,233,436
2012 $33,271,921,136 $35,401,331,610
2011 $33,756,238,766 $32,726,417,878
2010 $27,260,886,405 $30,906,749,533
2009 $22,355,151,162 $25,130,278,213
2008 $24,615,267,664 $26,910,855,807
2007 $17,856,393,235 $21,650,528,674
2006 $13,429,430,050 $19,063,143,370
2005 $10,737,500,188 $16,731,566,717
2004 $9,624,440,836 $13,867,634,371
2003 $7,691,367,471 $11,777,532,662
2002 $7,196,260,657 $10,693,430,511
2001 $8,495,806,432 $9,852,990,693
2000 $8,855,705,140 $9,679,316,770
1999 $8,837,070,236 $7,639,325,296
1998 $9,260,481,572 $6,322,175,566
1997 $9,965,225,678 $6,838,298,531
1996 $9,788,391,781 $6,496,163,616
1995 $9,062,131,475 $12,796,345,679
1994 $7,870,982,005 $28,019,483,764
1993 $7,249,533,620 $21,736,802,664
1992 $7,157,424,031 $17,959,367,194
1991 $6,984,367,763 $14,665,445,462
1990 $5,812,114,523 $12,643,821,569
1989 $4,757,732,200 -
1988 $4,255,683,528 -
1987 $3,971,044,724 -
1986 $3,723,993,943 -
1985 $3,282,449,236 -
1984 $4,502,462,807 -
1983 $5,673,248,726 -
1982 $5,419,411,765 -
1981 $5,624,515,873 -
1980 $4,448,087,302 -
1979 $3,416,777,778 -
1978 $2,559,857,143 -
1977 $2,092,158,730 -
1976 $1,698,960,317 -
1975 $1,511,420,635 -
1974 $1,333,475,397 -
1973 $995,531,746 -
1972 $769,039,683 -
1971 $664,571,429 -
1970 $594,611,111 -
1969 $556,293,651 -
1968 $517,650,794 -
1967 $492,674,603 -
1966 $465,888,889 -
1965 $443,587,302 -
1964 $408,349,206 -
1963 $383,904,762 -
1962 $360,698,413 -
1961 $322,053,713 -
1960 $288,884,368 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/paraguay/yemen | CC BY

GDP per capita in Paraguay vs Yemen by year

Paraguay
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Paraguay Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,416 $18,524 - -
2023 $6,300 $17,564 - -
2022 $6,206 $16,347 - -
2021 $5,977 $15,406 - -
2020 $5,365 $14,309 - -
2019 $5,821 $14,150 - -
2018 $6,258 $14,139 $634 -
2017 $6,152 $13,977 $811 -
2016 $5,775 $13,329 $975 -
2015 $5,879 $12,679 $1,362 -
2014 $6,652 $12,607 $1,430 -
2013 $6,436 $12,137 $1,379 $3,164
2012 $5,642 $10,954 $1,245 $3,005
2011 $5,805 $11,442 $1,186 $3,113
2010 $4,751 $10,893 $1,155 $3,603
2009 $3,942 $9,802 $969 $3,411
2008 $4,385 $9,867 $1,072 $3,370
2007 $3,212 $9,179 $890 $3,294
2006 $2,439 $8,561 $810 $3,205
2005 $1,971 $8,007 $734 $3,113
2004 $1,786 $7,686 $628 $2,949
2003 $1,444 $7,276 $549 $2,844
2002 $1,368 $6,924 $513 $2,768
2001 $1,638 $6,916 $487 $2,702
2000 $1,736 $6,937 $493 $2,624
1999 $1,766 $7,080 $401 $2,492
1998 $1,890 $7,227 $343 $2,442
1997 $2,079 $7,299 $383 $2,351
1996 $2,088 $7,040 $375 $2,268
1995 $1,979 $6,966 $764 $2,201
1994 $1,760 $6,542 $1,735 $2,115
1993 $1,662 $6,234 $1,397 $2,013
1992 $1,683 $5,952 $1,198 $1,963
1991 $1,685 $5,873 $1,016 $1,843
1990 $1,440 $5,637 $910 $1,742
1989 $1,211 - - -
1988 $1,114 - - -
1987 $1,069 - - -
1986 $1,031 - - -
1985 $935 - - -
1984 $1,319 - - -
1983 $1,710 - - -
1982 $1,680 - - -
1981 $1,793 - - -
1980 $1,457 - - -
1979 $1,149 - - -
1978 $883 - - -
1977 $740 - - -
1976 $616 - - -
1975 $562 - - -
1974 $508 - - -
1973 $389 - - -
1972 $308 - - -
1971 $272.1 - - -
1970 $249 - - -
1969 $238.2 - - -
1968 $226.8 - - -
1967 $220.9 - - -
1966 $213.9 - - -
1965 $208.7 - - -
1964 $197 - - -
1963 $189.9 - - -
1962 $182.8 - - -
1961 $167.1 - - -
1960 $153.4 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/paraguay/yemen | CC BY

Paraguay's GDP per capita is $6,416, ranking 109/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Paraguay ranks 102nd at $18,524, while Yemen ranks 178th at $3,164.

Economic indicators

Paraguay Yemen
Gross domestic product
$44.5B
2024
$21.6B
2018
GDP rank
98/197
2024
125/197
2018
GDP growth
4.25%
2023-2024
0.75%
2017-2018
GDP per capita
$6,416
2024
$634
2018
GDP per capita rank
109/197
2024
191/197
2018
GDP per capita, PPP
$18,524
2024
$3,164
2013
GDP per capita PPP rank
102/197
2024
178/197
2013
Government debt
$19.9B
2024
$18.8B
2018
Debt-to-GDP ratio
44.8%
2024
70.9%
2024
Government debt per person
$2,872
2024
$551
2018
Government debt per person rank
103/185
2024
165/185
2018
Average annual personal income after taxes
$6,136
2026
$1,127
2026
Market capitalization of domestic companies
$313M
1999
n/a
Income share by richest 10%
35%
2024
29.4%
2014
Income share by poorest 10%
2%
2024
3%
2014
Government expenditure, % of GDP
21%
2024
8.91%
2024
Consumer prices inflation
3.84%
2023-2024
33.9%
2023-2024
Central bank interest rate
6%
2024
n/a
Unemployment rate
5.69%
2024
13.5%
2014
Population
7120169
43325643

Spending and national debt comparison by year

Paraguay
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Paraguay Yemen
Government spending Government debt Government spending Government debt
2024 21% 44.8% 8.91% 70.9%
2023 21.5% 41.1% 11.8% 77.9%
2022 20.2% 40.5% 12.2% 65.3%
2021 20.4% 37.5% 8.22% 75.9%
2020 22.6% 36.9% 10.6% 87%
2019 20.1% 25.8% 13.2% 91.5%
2018 18.5% 22.3% 14.3% 86.9%
2017 18.1% 19.8% 8.39% 83.8%
2016 17.7% 19.4% 16.1% 76.5%
2015 18% 18.6% 19.4% 57.7%
2014 17.1% 15.6% 27.8% 48.9%
2013 17.1% 13.5% 30.8% 48.4%
2012 17.6% 12.3% 36.2% 47.6%
2011 14.7% 11.1% 29.8% 45.7%
2010 13.3% 13% 30.2% 42.4%
2009 14.3% 14.9% 35.2% 49.8%
2008 11.8% 16% 41.2% 36.4%
2007 13.1% 16.8% 40.3% 40.4%
2006 14.1% 21% 37.4% 40.8%
2005 14% 28.3% 36.8% 43.8%
2004 14% 36% 34.2% 52.1%
2003 14.6% 37.5% 35.3% 56.8%
2002 17.6% 50.5% 30.8% 57.8%
2001 19% 37.1% 30.5% 60.6%
2000 19.6% 33.6% 31.7% 60.8%
1999 19.2% 32% 28.2% 96.1%
1998 18% 22.1% 34.3% 110.6%
1997 18.1% 18% 34.2% 74.2%
1996 16.9% 16.8% 30.7% 114.9%
1995 15.7% 17.6% 24.1% 84.1%
1994 14.5% 18.7% 25.2% 73.3%
1993 12.9% 26.6% 25.8% 76.7%
1992 13% 34.4% 24.6% 78%
1991 11.4% 49.4% 24.7% 82.7%
1990 10.5% 67% 26.6% 91.6%
1989 11.8% 52.9% - -
1988 9.75% 58.9% - -
1987 10.1% 68.7% - -
1986 9.25% 57.1% - -
1985 11.4% 54.7% - -
1984 13% 31% - -
1983 13% 22.6% - -
1982 13.2% 21.3% - -
1981 13.3% 17.4% - -
1980 11.6% 17.4% - -
1979 11.7% 19.7% - -
1978 11.9% 20.9% - -
1977 11.2% 18.8% - -
1976 9.8% 14.1% - -
1975 10.5% 12.6% - -
1974 9.44% 12.5% - -
1973 11.2% 15.4% - -
1972 12.5% 18.2% - -
1971 12.3% 18.9% - -
1970 13.3% 19.2% - -
1969 14% - - -
1968 13.5% - - -
1967 12.2% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1998, retrieved 2026-02-20).

GeoRank.org/economy/paraguay/yemen | CC BY

In 2024, Paraguay's government spending was $9.33B, accounting for 21% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 44.8% in Paraguay and 70.9% in Yemen, ranking 120/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Paraguay

Yemen
1x
Year Deficit/surplus, % of GDP
Paraguay Yemen
2024 -2.12% -2.48%
2023 -3.81% -5.63%
2022 -2.64% -2.15%
2021 -3.39% -0.89%
2020 -5.72% -4.3%
2019 -2.44% -5.89%
2018 -1.01% -7.85%
2017 -0.44% -4.9%
2016 -0.37% -8.51%
2015 -0.44% -8.75%
2014 -0.27% -4.14%
2013 -1.16% -6.9%
2012 -0.58% -6.32%
2011 1.29% -4.51%
2010 1.54% -4.06%
2009 0.59% -10.2%
2008 2.29% -4.53%
2007 1.27% -7.18%
2006 0.91% 1.19%
2005 0.74% -1.82%
2004 1.33% -2.15%
2003 -0.07% -4.2%
2002 -1.89% -0.56%
2001 0.07% 2.79%
2000 -0.55% 6.09%
1999 2.67% 0.06%
1998 4.28% -7.77%
1997 3% -1.5%
1996 2.43% -0.92%
1995 2.78% -5.74%
1994 4.59% -14%
1993 4.27% -12.8%
1992 3.1% -10.9%
1991 3.41% -5.76%
1990 7.56% -10.3%
1989 5.48% -
1988 3.01% -
1987 2.68% -
1986 3.08% -
1985 0.85% -
1984 -0.42% -
1983 0.27% -
1982 1.52% -
1981 0.15% -
1980 3.4% -
1979 4.13% -
1978 -3.42% -
1977 -0.19% -
1976 -0.06% -
1975 -1.24% -
1974 1.67% -
1973 -0.91% -
1972 -2.51% -
1971 -1.25% -
1970 -1.26% -
1969 -1.62% -
1968 -2.34% -
1967 -1.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1967–1989, retrieved 2026-02-20).

GeoRank.org/economy/paraguay/yemen | CC BY

In 2018, Paraguay's government deficit, the difference between spending and revenue, was $408M, equivalent to 1.01% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Paraguay recorded a fiscal deficit in 10 of those years, while Yemen ran a deficit in 25 years. On average, Paraguay posted an annual surplus equal to 1.43% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Paraguay

Yemen
1x
Year Consumer prices inflation
Paraguay Yemen
2024 3.84% 33.9%
2023 4.63% 0.9%
2022 9.77% 29.5%
2021 4.79% 31.5%
2020 1.77% 21.7%
2019 2.76% 15.7%
2018 3.98% 33.6%
2017 3.6% 30.4%
2016 4.09% 21.3%
2015 3.13% 22%
2014 5.03% 8.2%
2013 2.68% 11%
2012 3.68% 9.9%
2011 8.25% 19.5%
2010 4.65% 11.2%
2009 2.59% 3.7%
2008 10.2% 19%
2007 8.13% 7.9%
2006 9.59% 10.8%
2005 6.81% 9.9%
2004 4.32% 12.5%
2003 14.2% 10.8%
2002 10.5% 12.2%
2001 7.27% 11.9%
2000 8.98% 11%
1999 6.75% 7.9%
1998 11.6% 11.5%
1997 6.95% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/paraguay/yemen | CC BY

Over the past 28 years, Paraguay has recorded an average annual inflation rate of 6.23%, compared with 15.5% in Yemen. In 2024, inflation was 3.84% in Paraguay and 33.9% in Yemen.

Top exports between countries

Paraguay
Export category Export value
Processed food, beverages & tobacco $7.43M
Raw agricultural goods $1.5M
Yemen
Export category Export value

Balance of trade

Paraguay Yemen
Current account balance
-$1.53B
2024
-$2.42B
2016
Current account balance ranking
133/190
2024
148/190
2016
Current account balance, % of GDP
-3.44%
2024
-7.72%
2016
Goods imports
$15.8B
2024
$6.8B
2016
Goods exports
$14.9B
2024
$473M
2016
Service imports
$2.54B
2024
$1.46B
2016
Service exports
$2.65B
2024
$466M
2016
Imports of goods and services, % of GDP
39.6%
2024
47.3%
2018
Exports of goods and services, % of GDP
37.2%
2024
8.76%
2018

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Paraguay Yemen
Economic freedom 66.4 53.7
Economic freedom ranking 61/197 138/197
Property rights 44.2 3.5
Government integrity 27.3 6.2
Judicial effectiveness 38.4 9.9
Tax burden 95.9 93.7
Government spending 86.9 0
Fiscal health 83 71.2
Business freedom 72 31.3
Labor freedom 44.1 31.2
Monetary freedom 76.5 48.1
Trade freedom 78.4 67.4
Investment freedom 80 50
Financial freedom 70 30

Economic freedom comparison by year

Paraguay
Yemen
1x
Year Economic freedom index
Paraguay Yemen
2026 66.4 -
2025 65.2 -
2024 60.1 -
2023 61 -
2022 62.9 -
2021 62.6 -
2020 63 -
2019 61.8 -
2018 62.1 -
2017 62.4 -
2016 61.5 -
2015 61.1 53.7
2014 62 55.5
2013 61.1 55.9
2012 61.8 55.3
2011 62.3 54.2
2010 61.3 54.4
2009 61 56.9
2008 60 53.8
2007 58.3 54.1
2006 55.6 52.6
2005 53.4 53.8
2004 56.7 50.5
2003 58.2 50.3
2002 59.6 48.6
2001 60.3 44.3
2000 64 44.5
1999 63.7 43.3
1998 65.2 46.1
1997 67.3 48.4
1996 67.1 49.6
1995 65.9 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/paraguay/yemen | CC BY

The Economic Freedom Index for Paraguay is 66.4, ranking 61/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Paraguay Yemen
Services, % of GDP
48.7%
2024
41.8%
2018
Industry, % of GDP
32.5%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
10.7%
2024
28.7%
2018
GNI, Atlas method
$43.7B
2024
$25.3B
2018
GNI per capita, PPP
$17,930
2024
$3,020
2013
Total reserves including gold
$9.89B
2023
$1.25B
2022
Total reserves ranking
76/177
2023
139/177
2022
Net foreign direct investment
-$335M
2024
$15.4M
2015
Net inflows of foreign direct investment
$1.1B
2024
-$371M
2019
Net outflows of foreign direct investment
$166M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.58%
2024
0.53%
2018
Poverty at national poverty lines
20.1%
2024
48.6%
2014
Gross capital formation, % of GDP
22.8%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/paraguay/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1967–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.